Authors
Nan Zhang, Mitra Fouladirad, Anne Barros,
Title
Warranty analysis of a two-component system with type I stochastic dependence
In
Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability
Volume
232
Issue
3
Pages
274–283
Publisher
SAGE Publications
Year
2018
Indexed by
Abstract
This article develops the warranty cost analysis of a two-component in-series system with stochastic dependence. From the perspectives of both the manufacturer and the consumer, the short-run total profits and costs under the non-renewing free replacement (non-renewing free replacement warranty) policy and the renewing free replacement warranty policy are derived, respectively. Numerical examples are given showing the impact of the failure dependence to both the consumer and the manufacturer.
Affiliations
Offprint